Part D of standard homeowners insurance in Miami, FL, protects you if your home is damaged by a covered peril and you have to find another place to live while repairs are made. This is called “Loss of Use.” This coverage can help pay for hotel, dinner, and other living costs you may have during a certain time period because your home isn’t safe to live in. This service is meant to help you keep up your standard of living in case of an emergency.
Loss of Use Coverage Amounts
Loss of Use coverage of up to 20% of your dwelling coverage limit is included in a standard homeowners insurance policy. If your home insurance is worth $100,000, your loss of use coverage would be around $20,000. You can find out more about the benefits of your home insurance policy by talking to your agent. Remember to file a claim and get the insurance company’s approval in order to use this policy. You should also find out if there are any time limits.
Protecting Your Home
It is preferable to avoid damage from a covered risk altogether, even while your Loss of Use coverage can assist you in rebuilding your house after it has been damaged. To get advice and strategies that could assist you in getting ready for unforeseen claims, talk to an insurance company like Company Name to see what advice they can offer. You can also visit their website and go through the FAQ section to see if any questions you have about your homeowners insurance in Miami, FL, have been asked by others.
